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If they do, your bill might go down for a while, but long term I think it will go up. Current electric companies have already made large investments in the infrastructure and they often break up the costs between fixed and variable bill items. Since it seems pretty clear most areas are heading towards a deregulated energy model, the electric companies are already front loading fixed costs.
The lesson is you can buy all the electricity you want from whoever, the electric companies still own the poles and wires that deliver that energy and they expect those costs to be covered and profit on top of it.
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